Monthly Archives: April 2009

SHORT TERM: Chrysler declares bankruptcy, DOW -18 Overnight the Asian markets were all higher. Europe opened higher and closed +1.35%. US index futures rallied overnight and remained higher when the economic reports were released at 8:30. Weekly Jobless claims came … Continue reading →

SHORT TERM: market rallies on GDP data then pulls back after FOMC, DOW+169 Overnight the Asian markets were mostly higher. Europe opened higher and closed +2.2%. US index futures were higher overnight and at 8:30 preliminary Q1 GDP was announced at -6.1% … Continue reading →

SHORT TERM: market pulls back ahead of FOMC meeting, DOW -51 Overnight the Asian markets were mixed. Europe opened lower but closed +0.35%. US index futures were much lower overnight, then rallied with Europe, but the market still opened lower at … Continue reading →

REVIEW The US equity markets six week winning streak came to an end this week. But the market fought back from the monday/tuesday pullback to end the week only slightly lower. For the week the SPX/DOW were -0.55% and the NDX/NAZ were +1.35%. … Continue reading →

SHORT TERM: market opens higher, drops, then finishes higher, DOW +70 Overnight the Asian markets were all higher. Europe opened lower and closed -0.75%. US index futures were higher most of the night, then at 8:30 the weekly Jobless claims were … Continue reading →

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5 Wave Model
This blog introduces a new way to analyze the stock market. The 5 Wave Model uses relationships between up and down movements, or waves, in the price action to determine turning points in the market.